NZQA registered unit standard
27494 version 2
Page 1 of 3
Title
Demonstrate knowledge of body corporate for residential property
rental
Level
3
Credits
Purpose
2
This unit standard is for people who intend to operate as a
residential property letting agent in the real estate industry.
People credited with this unit standard are able to:
–
explain the difference between unit title and the standard
form of land ownership;
–
explain the functions of a typical residential rental body
corporate;
–
explain the rules of a typical residential rental body
corporate.
Classification
Real Estate > Residential and Commercial Property
Management
Available grade
Achieved
Explanatory notes
1
Legislation
Unit Titles Act 2010;
and all subsequent amendments and replacements.
2
Definition
Typical residential rental body corporate means a body corporate created by a unit
plan deposited with Land Information New Zealand.
Outcomes and evidence requirements
Outcome 1
Explain the difference between unit title and the standard form of land ownership.
Evidence requirements
1.1
Difference is explained in accordance with the Unit Titles Act 2010.
Range
includes but is not limited to – two or more principal residential
units, common property, undivided ownership.
ElectroTechnology Industry Training Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
1.2
27494 version 2
Page 2 of 3
Ownership and utility interest is explained in accordance with the Unit Titles Act
2010.
includes but is not limited to – share in common property, voting
rights, obligations regarding body corporate.
Range
Outcome 2
Explain the functions of a typical residential rental body corporate.
Evidence requirements
2.1
Functions are explained in terms of the Unit Titles Act 2010.
includes but is not limited to – meetings, organising and
maintaining buildings and common property.
Range
Outcome 3
Explain the rules of a typical residential rental body corporate.
Evidence requirements
3.1
Rules are explained in accordance with the Unit Titles Act 2010.
includes but is not limited to – levies, members, maintenance
schedules, minutes.
Range
Planned review date
31 December 2015
Status information and last date for assessment for superseded versions
Process
Version Date
Last Date for Assessment
Registration
1
18 August 2011
31 December 2013
Rollover and
Revision
2
19 July 2012
N/A
Consent and Moderation Requirements (CMR) reference
0003
This CMR can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA,
before they can report credits from assessment against unit standards or deliver courses
of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by
NZQA before they can register credits from assessment against unit standards.
ElectroTechnology Industry Training Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
27494 version 2
Page 3 of 3
Providers and Industry Training Organisations, which have been granted consent and
which are assessing against unit standards must engage with the moderation system that
applies to those standards.
Requirements for consent to assess and an outline of the moderation system that applies
to this standard are outlined in the Consent and Moderation Requirements (CMR). The
CMR also includes useful information about special requirements for organisations wishing
to develop education and training programmes, such as minimum qualifications for tutors
and assessors, and special resource requirements.
Comments on this unit standard
Please contact the ElectroTechnology Industry Training Organisation
reviewcomments@etito.co.nz if you wish to suggest changes to the content of this unit
standard.
ElectroTechnology Industry Training Organisation
SSB Code 100401
 New Zealand Qualifications Authority 2016